Flash Finance

Bharat Electronics LimitedBELCorporate

Industrials Aerospace & Defense Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹376.85
MCap ₹275,469 Cr · P/E 45.0
Bharat Electronics Limited — Stock analysis & AI research Bharat Electronics Limited — Multibagger AI analysis Bharat Electronics Limited — Seasonality — best & worst months Bharat Electronics Limited — Technical indicators & charts Bharat Electronics Limited — Technical setup — score, trend, support & resistance Bharat Electronics Limited — Falling Wedge pattern forming Bharat Electronics Limited — Live exchange announcements
📋 High ROE Stocks📋 High ROCE Stocks📋 High Operating Margin Stocks📋 High Interest Coverage Stocks📋 Stocks Cheaper Than Their Industry📋 High Profit Growth Stocks 📈 MACD Bullish Crossover📈 Multi-Timeframe Bearish Stocks📈 Stocks Near 52-Week Low ⚖️ vs Hindustan Aeronautics⚖️ vs Bharat Dynamics 🏭 Defence sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹5,533 Cr
Sales · Jun 2026
+25.3% YoY
₹1,389 Cr
Operating Profit · Jun 2026
+12.0% YoY
25.1%
OPM % · Jun 2026
-10.7% YoY
₹1,048 Cr
Net Profit · Jun 2026
+8.2% YoY
₹1.43
EPS · Jun 2026
+7.5% YoY

📝 Bharat Electronics Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Bharat Electronics Limited reported revenue of ₹5,533 crore for the quarter ended June 2026 (Q1 FY27), up 25.3% from ₹4,417 crore in the same quarter last year, and down 45.6% sequentially over the March 2026 quarter.

Net profit rose 8.2% year-on-year to ₹1,048 crore, from ₹969 crore. Earnings per share (EPS) came in at ₹1.43.

Operating profit stood at ₹1,389 crore — an operating margin (OPM) of 25.1%, compared with 28.1% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Bharat Electronics Limited posted revenue of ₹27,479 crore, a growth of 16.2% over FY25, with a net profit of ₹6,048 crore (up 14.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹28,596 crore with a net profit of ₹6,128 crore.

Valuation snapshot

At the current price of ₹376.85, BEL has a market capitalisation of ₹275,469 crore and a trailing P/E of about 45.0.

Within the Aerospace & Defense industry, it is the 2nd-largest of the 30 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 51.14%, foreign institutional investors (FIIs) 16.98%, domestic institutional investors (DIIs) 21.88%, public shareholders 10.00% of Bharat Electronics Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹275,469 Cr
Current Price ?
₹376.9
P/E ?
44.96below ind
Industry P/E ?
67.70
P/B ?
11.62
P/S ?
9.63
P/FCF ?
534.89
Enterprise Value ?
₹275,534 Cr
EV/EBITDA ?
33.75
PEG ?
1.73
Earnings Yield ?
2.8%
Dividend Yield ?
0.64%
Profitability & Returns
Sales (TTM) ?
₹28,596 Cr
OPM ?
28.6%
Profit after tax (TTM) ?
₹6,128 Cr
EPS (TTM) ?
₹8.38
ROCE ?
37.0%
ROE ?
25.9%
ROA ?
13.9%
Growth
Sales — latest qtr ?
₹5,533 Cr
PAT — latest qtr ?
₹1,048 Cr
YoY qtr sales growth ?
25.3%
YoY qtr profit growth ?
8.2%
Sales growth (3y) ?
16%
Sales growth (5y) ?
14%
Profit growth (3y) ?
26%
Profit growth (5y) ?
24%
Financial Health
Debt ?
₹65 Cr
Debt to Equity ?
0.00
Interest Coverage ?
1,052.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
51.14%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
-8.0%
Return 6 months ?
-18.6%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 4,1316,4573,5113,9934,1378,3084,1994,5835,7569,1204,4175,7647,12210,1775,533 +25.3% -45.6%
Operating Profit 8531,8256641,0041,0492,3549371,3891,6532,7891,2401,6952,1182,9621,389 +12.0% -53.1%
Other Income 5768142171223230202167205194164159160108167 +2.3% +55.0%
Interest 102121114111612221 -19.4% -42.0%
Depreciation 101109101100100110100103103130113118127165153 +35.2% -7.5%
Profit Before Tax 8001,7817041,0731,1722,3591,0371,4511,7542,8481,2891,7342,1482,9041,403 +8.8% -51.7%
Net Profit 5991,3655318128931,7847761,0911,3162,1059691,2861,5902,2031,048 +8.2% -52.4%
EPS 0.821.860.731.111.222.441.061.491.812.871.331.762.173.011.43 +7.5% -52.5%
OPM % 20.7% 28.3% 18.9% 25.2% 25.4% 28.3% 22.3% 30.3% 28.7% 30.6% 28.1% 29.4% 29.7% 29.1% 25.1% -10.7% -13.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹23,658 Cr ₹27,479 Cr ₹28,596 Cr +16.2%
Operating Profit ₹6,768 Cr ₹8,015 Cr ₹8,164 Cr +18.4%
OPM % 28.61% 29.17% 28.55% +2.0%
NPM % 22.35% 22.01% 21.43% -1.5%
Other Income ₹768 Cr ₹590 Cr ₹594 Cr -23.1%
Depreciation ₹436 Cr ₹524 Cr ₹564 Cr +20.3%
Interest ₹10 Cr ₹7 Cr ₹7 Cr -25.9%
EBIT ₹6,332 Cr ₹7,491 Cr ₹7,601 Cr +18.3%
PBT ₹7,090 Cr ₹8,075 Cr ₹8,189 Cr +13.9%
Tax ₹1,802 Cr ₹1,326 Cr ₹1,360 Cr -26.4%
Net Profit ₹5,288 Cr ₹6,048 Cr ₹6,128 Cr +14.4%
EPS ₹7.23 ₹8.27 ₹8.37 +14.4%
Material Cost ₹12,992 Cr ₹9,405 Cr ₹10,672 Cr -27.6%
Employee Cost ₹2,734 Cr ₹2,265 Cr ₹2,361 Cr -17.2%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 731731731731 +0.0%
Reserves 12,85115,35118,96722,967 +21.1%
Borrowings 61636165 +6.6%
Other Liabilities 21,41123,01120,65920,327 -1.6%
Total Liabilities 35,05439,15640,41844,090 +9.1%
Fixed Assets 2,6722,7593,1734,145 +30.6%
CWIP 8418911,044482 -53.8%
Investments 664768820864 +5.4%
Other Assets 30,87734,73835,38138,600 +9.1%
Total Assets 35,05439,15640,41844,090 +9.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 1,0874,6484801,494 +211.2%
Cash from Investing Activity 2,800-5,8897481,747 +133.6%
Cash from Financing Activity -1,262-1,474-1,696-2,096 -23.6%
Net Cash Flow 2,625-2,715-4671,145 +345.2%
Free Cash Flow 5244,006-521515 +198.8%
CFO/OP 53%121%32%44% +37.5%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 145133140171 +22.1%
Inventory Days 238256272264 -2.9%
Days Payable 1241289992 -7.1%
Cash Conversion Cycle 260262313342 +9.3%
Working Capital Days 291785135 +58.8%
ROCE % 31%36%39%37% -5.1%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 51.14%51.14%51.14%51.14%51.14% +0.0%
FIIs 18.56%18.14%18.51%19.51%16.98% -13.0%
DIIs 20.60%20.88%20.47%20.00%21.88% +9.4%
Public 9.70%9.84%9.87%9.37%10.00% +6.7%
No. of Shareholders 25,42,37824,98,58825,43,62225,30,89626,45,635 +4.5%

⚖️ Peer comparison

Industry: Aerospace & Defense · top 25 of 30 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 HAL Hindustan Aeronautics ₹4,905.00 328,034 35.2 33,785 9,321 29.6% 27.6% 6.8% 9.0% 14.4% 14.9%
2 BEL Bharat Electronics ₹404.35 295,571 48.1 28,689 6,147 28.6% 21.4% 15.9% 13.9% 25.6% 8.8%
3 MAZDOCK Mazagon Dock ₹2,339.00 94,351 33.0 13,323 2,854 19.3% 21.4% 13.8% 14.2% 12.1% 21.7%
4 BDL Bharat Dynamics ₹1,190.00 43,621 83.7 2,766 521 12.7% 18.8% -27.0% -23.6% 130.8% 547.4%
5 COCHINSHIP Cochin Shipyard ₹1,381.00 36,331 53.4 5,047 680 15.1% 13.5% 4.2% -13.4% 2.4% -19.4%
6 GRSE Garden Reach ₹2,394.90 27,434 34.3 7,507 801 11.1% 10.7% 37.9% 41.9% 38.5% 44.0%
7 DATAPATTNS Data Patterns ₹4,829.00 27,035 100.9 941 267 39.6% 28.4% 30.5% 22.4% 17.2% -15.2%
8 SIGMAADV SIGMA ADVANCED ₹965.50 18,338 233.8 194 73 22.5% 37.6% — — — -93.0%
9 ASTRAMICRO Astra Microwave ₹1,688.50 16,031 84.8 1,139 189 28.5% 16.6% 10.5% 26.1% -11.5% -24.1%
10 APOLLO Apollo Micro ₹413.85 15,379 121.0 1,022 115 22.6% 11.3% 60.8% 90.9% 88.1% 42.6%
11 ZENTEC Zen Technologies ₹1,679.80 15,109 55.9 829 250 34.4% 30.1% -47.9% -44.0% -10.5% -40.0%
12 AEQUS Aequs ₹226.75 14,849 — 1,371 -171 5.6% -12.5% — — 54.5% -1430.7%
13 SWANDEF SWAN DEFENCE ₹2,734.00 14,403 41.2 341 350 -90.2% 102.4% 3886.9% -48.6% 72.1% 2932.2%
14 PARAS Paras Defence ₹1,307.30 10,535 104.4 511 96 25.5% 18.8% 30.7% 45.5% 37.3% 45.3%
15 UNIMECH Unimech Aerospace ₹1,779.80 9,060 125.7 285 72 33.1% 25.2% -0.5% -24.7% 70.8% 46.7%
16 AXISCADES AXISCADES Technologies ₹1,817.70 7,731 151.0 1,262 51 10.9% 4.1% 12.4% -4.3% 42.2% —
17 MIDHANI Mishra Dhatu ₹403.90 7,567 56.1 1,278 135 18.8% 10.6% 12.6% 18.7% 40.5% 28.6%
18 CYIENTDLM Cyient DLM ₹900.90 7,150 85.2 1,439 84 10.0% 5.8% -17.0% 7.7% 26.5% 5.8%
19 CENTUM Centum Electronics ₹4,276.10 6,303 76.3 1,072 83 11.4% 7.7% -1.2% -852.0% -25.3% 2257.0%
20 ROSSTECH Rossell Techsys ₹1,549.80 5,864 227.2 552 26 12.9% 4.7% 86.8% 175.3% 77.1% 116.5%
21 AVANTEL Avantel ₹156.19 4,150 251.9 241 17 22.7% 7.1% -10.5% -73.4% 35.7% 67.2%
22 IDEAFORGE Ideaforge Technology ₹761.60 3,786 n/m 283 3 9.3% 1.2% 41.0% 71.4% 427.6% 89.2%
23 JAYKAY Jaykay Enterprises ₹188.76 2,459 12.9 259 200 10.7% 77.2% 129.1% 2867.2% 14536.6% —
24 543920 CFF Fluid ₹778.35 2,150 41.6 209 39 28.2% 18.7% — — 59.1% 100.0%
25 523606 Sika Interplant ₹1,113.70 2,002 68.1 186 35 22.0% 18.6% 43.1% 38.2% -37.0% -18.8%
❓ Frequently asked questions
What was Bharat Electronics Limited's revenue in Q1 FY27?
Bharat Electronics Limited reported revenue of ₹5,533 crore for the quarter ended June 2026 (Q1 FY27), up 25.3% from ₹4,417 crore in the same quarter last year, and down 45.6% sequentially over the March 2026 quarter.
What was Bharat Electronics Limited's net profit in Q1 FY27?
Net profit rose 8.2% year-on-year to ₹1,048 crore, from ₹969 crore. Earnings per share (EPS) came in at ₹1.43.
What is BEL's market capitalisation and P/E ratio?
At the current price of ₹376.85, BEL has a market capitalisation of ₹275,469 crore and a trailing P/E of about 45.0.
Who owns Bharat Electronics Limited? (shareholding pattern)
As of Sep 2026, promoters held 51.14%, foreign institutional investors (FIIs) 16.98%, domestic institutional investors (DIIs) 21.88%, public shareholders 10.00% of Bharat Electronics Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI